According to Draper, Fiat will soon lose its popularity. He has so many digital assets to live in the next few years without any financial problems. Draper believes that you should not keep your savings in fiat, as it gradually depreciates.
"Recently I talked with people from the Federal Reserve and told them that they should look for a new job in the next 10 years, because during this time there will be no need to use centralized currencies. I think that in the next four years there will be a big shift, and people will make mass purchases in the crypto currency, "the investor said.
Draper also expressed the idea that in the US it is necessary to make a separate body for the regulation of the cryptosphere. The new organization, the expert believes, should not be subordinated to the Securities Commission or the Commodity Futures Trading Commission.
Earlier, Tim Draper expressed the opinion that Fiat had already turned the world's population into "slaves of governments", and bitcoin in this case is an excellent alternative to them.
"If the SEC and other departments leave the first crypto currency in peace, then the society will become much richer," he said.